Lithia Motors outsells AutoNation in Q1
The nation's No. 2 retailer based on new-vehicle sales volume outsold fellow giant AutoNation in the first quarter of 2022......»»
Scout Motors SUV, pickup to be revealed Oct. 24
Scout said the reveal date is 44 years to the week after production of the International Harvester Scout II ended on Oct. 21, 1980......»»
AutoNation sale of 2 Ford stores may just be start
AutoNation Inc. in August sold two Ford dealerships and it appears it may have more dealerships slated to sell, according to a regulatory filing......»»
GM delays additional $330M investment in Thacker Pass, Lithium Americas says
Lithium Americas said General Motors has delayed the second tranche of investment, worth $330 million, in the miner until the end of the year. .....»»
GM, Samsung SDI push back opening of Ind. battery plant to 2027
General Motors and Samsung SDI finalized their partnership that will invest $3.5 billion in an EV battery plant in Indiana......»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
GM captive finance company withdraws application to create a bank
The captive finance arm of General Motors applied to charter a type of bank called an Industrial Loan Company in late 2020......»»
Automakers insourcing crucial EV parts, leaving suppliers with fewer potential customers
Automakers are increasingly insourcing production of e-motors and other crucial electric vehicle components, posing a challenge for suppliers vying for business in the EV space......»»
Passive Motion Masks
Add movement to your mask — without motors. The post Passive Motion Masks appeared first on Make: DIY Projects and Ideas for Makers......»»
GM Lays off around 1,000 Personnel to Focus on AI
AI continues to impact employment rates worldwide. The post GM Lays off around 1,000 Personnel to Focus on AI appeared first on Phandroid. Auto manufacturer General Motors recently confirmed that it will be culling around a thousand of its.....»»
GMC gives Terrain crossover a pickup-inspired redesign, bigger screens
Production of the 2025 Terrain is set to begin this fall at General Motors' San Luis Potosi plant in Mexico. Pricing was not disclosed......»»
Here’s what the electric Dodge Charger’s “Fratzonic exhaust” sounds like
Dodge wants to keep the aural spectacle even as it moves to electric propulsion. Enlarge / Dodge doesn't want to be accused of building a boring EV. (credit: Dodge) Electric motors have many advantages over internal comb.....»»
Lithia increases stake in Pinewood DMS company to more than 25%
Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system provider Pinewood Technologies following purchases of nearly 5 million shares in the months since its initial minority investment......»»
Lithia dealership sued after fatal Challenger test-drive crash
The daughters of a Texas motorist killed after her car was struck by a Lithia dealership's Dodge Challenger allegedly traveling at least 100 mph during a test drive have sued the store as well as the driver and salesman allegedly inside the muscle ca.....»»
Lithia Motors promotes Adam Chamberlain to COO, Chris Holzshu still EVP
Lithia Motors promoted Chief Customer Officer Adam Chamberlain to COO and returned COO Chris Holzshu to solely an executive vice president role, the company said Aug. 1......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Starling Automotive buys 3 dealerships, adds brands
Starling Automotive Group expanded in a spring acquisition, buying its first non-General Motors dealerships......»»
AutoNation net income, revenue harmed by CDK cyberattacks
AutoNation Inc. reported a massive drop in net income due in part to lost revenue and hits to vehicle sales stemming from the June 19 CDK Global cyberattacks.....»»
AI and ML enter motorsports: How GM is using them to win more races
From modeling tire wear and fuel use to predicting cautions based on radio traffic. Enlarge / The Cadillac V-Series.R is one of General Motors' factory-backed racing programs. (credit: James Moy Photography/Getty Images).....»»
GM Ventures, others invest in Israeli EV battery startup Addionics
Addionics raised $39 million from investors including General Motors' venture capital arm to help commercialize its 3D copper foil product for electric vehicle batteries......»»